Infinitii AI loses $244,007 in fiscal Q1 2026

Executive Summary

• Infinitii AI Inc. reported Q1 FY2026 financial results showing a revenue of $626,828 and a net loss of $244,007, with expenses decreasing 6% from the previous quarter.
• The company successfully closed an oversubscribed convertible debenture private placement on October 17, 2025, raising $610,000, led by ThreeD Capital Inc. with CEO participation.
• Management highlighted a strategic transition focusing on a "three-vector growth strategy" involving new customer segments, advanced analytics upselling, and global industry partnerships, while maintaining 100% customer retention for SaaS revenues.

Key Details

• Financial Performance (Q1 FY2026):
  • Revenue: $626,828 (compared to $625,302 in Q4 2025 and $718,680 in Q1 FY2025).
  • Expenses: $870,835 (a 6% decrease from $922,037 in Q4 2025).
  • Net Loss: $244,007 (a 20% improvement from the $306,735 loss in Q4 2025).
  • Recurring SaaS Revenue: Stable with 100% customer retention from the end of the previous fiscal year.
• Financing Details:
  • Instrument: Convertible debenture private placement.
  • Amount Raised: $610,000 (exceeding the initial $550,000 target).
  • Lead Investor: ThreeD Capital Inc.
  • Participants: CEO Jean Charles Phaneuf, existing strategic investors, and one new investor.
  • Closing Date: October 17, 2025.
• Strategic Initiatives (Three-Vector Growth Strategy):
  • Vector 1 (Market Reach): Development of dashboarding and mobile applications integrated with the flowworks platform to serve both engineering and operation groups in municipal organizations.
  • Vector 2 (Upsell): Focus on upselling advanced analytics and machine learning capabilities to customers transitioning from early adopters to the early majority.
  • Vector 3 (Global Expansion): Leveraging distribution networks of major global equipment providers (sensors, pumps) to meet RFP requirements for deeper insights and actionable intelligence.
• Market Position & Customers:
  • Market Share: >90% market penetration in the Greater Toronto and Hamilton Area (GTHA) wastewater utilities.
  • Key Customers: Seattle Public Utilities, City of Los Angeles, Miami-Dade Water & Sewer, Boston Water & Sewer Commission, Dallas Water Utilities, City of Vancouver, Region of Peel, and York Region.
  • Technology: Infinitii dataworks platform processes hundreds of billions of data points; versatile industrial IoT capabilities in mining, pump systems, and valve monitoring.
  • Partners: AEcom, Kerr Wood Leidal Associates, SCG Flowmetrix Inc., Core & Main Inc., K2 Geospatial, TREKK Design Group LLC.

Notable Quotes

• "Q1 marks an important transition quarter as we execute the three-vector growth strategy unveiled at our annual general meeting last week... While first quarter revenues of $626,828 were impacted by the conclusion of one-time revenue from special projects compared to the same quarter a year ago, we substantially improved our cost structure and secured an oversubscribed private placement that positions us to capitalize on the significant market opportunities ahead." — Jean Charles Phaneuf, CEO
• "The fundamentals of our business are excellent... We have a proven platform, marquee customers, growing momentum in the United States and a dominant position in Canada's largest urban market." — Jean Charles Phaneuf, CEO